Municipal Employees Retirement System of Michigan raised its stake in shares of Endo International PLC (NASDAQ:ENDP) by 1,349.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,920 shares of the company’s stock after buying an additional 85,580 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Endo International PLC were worth $1,026,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Americafirst Capital Management LLC acquired a new position in Endo International PLC during the first quarter valued at approximately $286,000. Macquarie Group Ltd. raised its position in shares of Endo International PLC by 132.1% in the fourth quarter. Macquarie Group Ltd. now owns 6,500 shares of the company’s stock worth $107,000 after buying an additional 3,700 shares during the period. Norges Bank acquired a new position in shares of Endo International PLC during the fourth quarter worth about $26,929,000. Barings LLC raised its position in shares of Endo International PLC by 11.2% in the fourth quarter. Barings LLC now owns 148,500 shares of the company’s stock worth $2,446,000 after buying an additional 14,900 shares during the period. Finally, Perceptive Advisors LLC acquired a new position in shares of Endo International PLC during the fourth quarter worth about $213,000. Institutional investors and hedge funds own 93.30% of the company’s stock.
Endo International PLC (ENDP) traded up 1.09% during midday trading on Tuesday, hitting $11.17. The stock had a trading volume of 1,779,925 shares. The company’s 50 day moving average price is $12.24 and its 200-day moving average price is $12.66. Endo International PLC has a 52-week low of $9.70 and a 52-week high of $24.93. The stock’s market cap is $2.49 billion.
Endo International PLC (NASDAQ:ENDP) last issued its earnings results on Tuesday, May 9th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. Endo International PLC had a positive return on equity of 25.32% and a negative net margin of 82.93%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. Analysts forecast that Endo International PLC will post $3.58 EPS for the current fiscal year.
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ENDP has been the subject of several recent analyst reports. Canaccord Genuity initiated coverage on shares of Endo International PLC in a research report on Tuesday, February 21st. They set a “hold” rating and a $14.00 price objective for the company. Guggenheim reissued a “buy” rating and issued a $35.00 price target on shares of Endo International PLC in a research report on Tuesday, February 28th. Mizuho reissued a “buy” rating and issued a $17.00 price target (up previously from $15.00) on shares of Endo International PLC in a research report on Tuesday, February 28th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Endo International PLC in a research report on Wednesday, March 1st. Finally, William Blair restated a “market perform” rating on shares of Endo International PLC in a research note on Saturday, March 11th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.46.
About Endo International PLC
Endo International PLC, formerly Endo Health Solutions Inc is a specialty healthcare solutions company focused on branded and generic pharmaceuticals, devices and services. The Company has a portfolio of branded pharmaceuticals that includes brands, such as Lidoderm, Opana ER, Voltaren Gel, Percocet, Frova, Supprelin LA, Vantas, Valstar and Fortesta Gel.
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